News
FG Sukuk Bond Oversubscribed, Receives N132bn For N100bn Offer
By Folasade Folarin, Abuja
The Federal Government received over N132 billion subscriptions from 2,073 investors for its N100 billion 7-year 15.74 per cent Sukuk offer, the Debt Management Office (DMO) has said
The DMO, in a statement in Abuja on Saturday, announced the result and added that the bond would be due in 2025.
It said that the high success rate of the Sukuk, which is the second by the federal government, showed investors’ appetite for government securities.
The debt management office added that it showed the investors’ interest in the fact that the proceeds would be used to improve the state of road infrastructure in the country.
The bond which is aimed at funding road infrastructure across the six geo-political zones is payable semi-annually.
Subscription for the bond, which is guaranteed by government, closed on Monday.
The News Agency of Nigeria (NAN) recalls government had in 2017, raised a N100 billion 7-year debut Sukuk bond for the financing of 25 road projects across the six geo-political zones of the country. (NAN)
Nobody Can Beat Me In A Free, Fair Election’ — Davido
Lagos Boosts Fire Response Capacity With 11 Public Stations, 685 New Firefighters
Sokoto’s ₦1.7bn NYSC Camp Rehabilitation Hits 80% Completion
Adeleke Alleges Plot To Freeze Osun Government Accounts Ahead Of Governorship Election
Olojudo Declares Ooni Sole Leader Of Yoruba Traditional Institution, Dismisses Reported Split
Resident Doctors Shelf Planned Strike
-
Entertainment3 days agoPeller, Jarvis Receives Wedding Gifts Worth ₦420m
-
News4 days agoOsogbo Grammar School Alumni Urge Students To Prioritise Skills, Perseverance At Golden Jubilee Reunion
-
News4 days agoGHSM Chieftain Hails Gbenga Hashim’s Legacy, Says Record Of Federal Appointments Remains Unmatched
-
News4 days agoOver 1,500 Benefit From AMBO’s Free Medical Outreach In Osun Community